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8 Things You May Not Realize You Own That Could Make You Rich

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8 Things You May Not Realize You Own That Could Make You Rich

Collectors are an interesting breed, willing to pay top dollar to own something that few would find value in. Because of some very rich individuals seeking rare objects, you can become fairly rich yourself if you have any collectable pieces in your home you’d be willing to put up for sale. Check out this list of 8 things that might appear to be junk – that can make you rich.

1. Trading cards

mays

    Whether they be celebrating sports, games or children’s cartoons, trading cards can reap you some serious dollars. Check out the Willey Mays baseball card above that’s offered for almost $10,000 on eBay. It’s crazy how nutty some collectors will go for a piece of cardboard and you can benefit from that!

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    2. Vintage tech

    mac

      What means “outdated” to you may mean “vintage” to a collector. If you have any particularly old technology, do a quick eBay search before tossing it out. Maybe you’ll become rich quick with almost no effort required.

      3. Video games

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      atari

        If you didn’t cash out and sell your video games to a retailer for store credit after you finished them, you might find that some of the older ones have turned into major cash cows. There’s a huge after-market for Nintendo games in particular, since they stop production on their titles fairly quickly after release. Who knows, maybe you’ll end up finding one of the most valuable video games in the world among your collection and sell it for tens of thousands of dollars! Even if you don’t, you could still make a pretty penny off of some of the unplayed video games stored in your basement.

        4. Traditional games

        monopoly

          Considering the endless variations of Monopoly, there are bound to be collectors who would be willing to make you rich in exchange for unique editions they missed out on – that you might have in your possession. Check out the eBay listing above asking for almost five grand for an example of just how much people will spend on a basic board game.

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          5. Old comics

          comic

            Comic books were seen as disposable for a long time, which is why there are so few first-print editions left of original titles about iconic characters like Batman, Superman and Spider-Man. If you have comics, especially ones from the 70s and earlier, you could be in for a big pay day.

            6. Old toys

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            Screen Capture_2

              Yet another type of product from the lucrative after-market of children’s entertainment that can make you rich! People desperately want some kind of tangible representation of their childhood, or an item that demonstrates just how much they love a certain TV show or movie or book series. Those action figures in the old toy box could make you very rich with a little luck.

              7. Signed copies of things

              signed

                Signatures from famous people, especially those who are dead or otherwise indisposed, hold a lot of value. If you’ve held on to the inherited objects family has passed on to you (even though you may not recognize any value it) you may get lucky and become rich. It’s possible for example, that an old book in your possession was signed by a famous author. A hunt around your bookshelf will answer that question for you.

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                8. Collectibles

                Coins & Buttons
                  Image – Dan Century/Flickr.

                  People, for whatever reason, collect a lot of different trinkets that are worth nothing to us but worth some serious cash to the right collector. Look in your home for anything that you know people like to seek out. They could be coins, buttons, patches, stamps or any number of other things that appeal to those who like to build complete collections. Just about anything at all collectible could potentially make you rich. Just rummage around your house or your apartment and you might just stumble upon something innocuous that will end up changing your life.

                  Featured photo credit: Rare video game peripherals/Generic Brand Productions via flickr.com

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                  Matt OKeefe

                  Matt is a marketer and writer who shares about lifestyle and productivity tips on Lifehack.

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                  Last Updated on July 20, 2021

                  Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

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                  Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

                  Have you ever considered your life now, and how it would be if you had more time to spend with your family and less worries about money?

                  Nowadays, financial stress is one of the most troublesome weights in life. If you’ve ever encountered financial stress, you know the difficulty of not having enough income to pay your obligations or bills.

                  Many people say that money is not the ultimate goal of life. While that’s true, money certainly plays a very significant role. The meaning of financial freedom changes with the different phases of our life, but ultimately, it is something that many people strive for.

                  In this article, we’ll explain how to capture that financial freedom you’ve been looking for. Read on to learn the secrets to financial freedom.

                  Break Free of Your Finances

                  Financial freedom is about having a constant flow of cash from your assets to cover all your regular needs.

                  When you are not worried about your income, or living paycheck to paycheck, you gain a great sense of freedom. It’s the freedom to be obtain and do what you truly need to make your way through everyday life.

                  Gaining financial freedom, though, is a process of growth, making small improvements and gaining emotional strength.

                  Though it seems hard to believe, it is really very simple to get financial freedom.

                  To do so, you simply need to make sure that your assets exceed your liabilities. In other words, you’ll need to find the sweet-spot where your residuals meet or surpass your expenses. This is something that you can achieve with the proper plan.

                  While not every person will accomplish financial freedom, the potential for anyone to do so is certainly there. Anyone can achieve this success, regardless of their income level.

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                  Outlined below are 9 secrets that will help you in your goals of achieving financial freedom.

                  1. Stop Unnecessary Spending

                  We often spend money inwardly, instead of objectively.

                  For example, you may spend when you’re anxious, depressed, restless, exhausted, from fear of missing out, or to please others. This is a very unhealthy way to handle your finances.

                  To stop this habitual spending, log down all your spending over the course of a month.

                  Just as some people keep a food diary, keep an expense diary. Remember not to just write down how much and what you spent the money on, also include the circumstances of why you spent the money. Was it an impulse buy at the checkout line or was it something you planned to purchase?

                  This increased self-awareness could enable you to avoid triggering situations in the future when you are considering an impulse buy.

                  2. Plan a Monthly Budget

                  This is a great opportunity to get serious.

                  Take a seat with your spouse or partner and make a monthly budget based on your income, not your expenses. You are never again going to spend more cash then you have on hand.

                  Overspending is the thing that led you to more financial obligations. Make sure you decide every month what is coming in and what will be going out and stick to that budget… no matter what.

                  3. Cut-up Credit Cards

                  Perhaps you are the type of person who always pays your credit card balance in full before the end of your billing cycle, and enjoys the reward points you gain. If this is the case, then you’re already way ahead of the game.

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                  If not, you may want to consider ridding your life of the burden that credit cards bring.

                  Many cards have strategies set up so that if you make a certain number of late payments, they will raise your interest rate much higher. This can really add up in the long run and you won’t be doing your financial situation any favors. If you’re prone to late payments or have a large balance due on your cards, cut them up!

                  Without proper self control on credit card spending and payments, you are basically throwing your money away. To ensure that you have better control over your spending, use only cash or debit for all future purchases (and don’t forget to pay at least your minimum payment on your cut-up cards each month!).

                  4. Increase Savings

                  There is no doubt that for a comfortable retirement you must accumulate satisfactory savings throughout your working life.

                  It’s good practice to save up to 15% of your income.

                  Start with your workplace 401(k), if you have one. If not, a Roth IRA (if you are eligible) or a traditional IRA (if you are not eligible for the Roth) are the next logical steps.

                  Increase in longevity means you might be able to look forward to 25 to 30 years in retirement, or possibly even significantly more. Investing now in good retirement plans will ensure that you have a guaranteed a stable monthly income when the time comes to stop working. [1]

                  5. Invest Wisely

                  Consider investing in funds.

                  Specifically, you will gain higher returns if you invest in different types of mutual funds such as Debt funds, Equity funds and Hybrid funds with a proper balance, although it absolutely relies on your personal preferences and sense of risk taking.

                  To get the most of these benefits, make sure you are investing in a variety of assets. Another resource of investing in mutual funds is SIP (Systematic Investment Plan) where you invest some money every month in funds. SIP works by averaging the per unit price of the stock.

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                  Mutual fund investors are aware of the benefits of an SIP (Systematic Investment Plan). For one, it is the most secure way to invest in equity mutual plans so that wealth is created over a long period of time. This plan also helps you to gain a better sense of financial discipline, which will come in handy in all your financial endeavors.

                  6. Invest in Gold

                  There isn’t really a better way to invest in gold than to have the physical gold itself in your possession.

                  You can purchase gold coins and bars from mints as well as from coin dealers and other private sellers.

                  Another way to invest in gold is through ETFs (Exchange Traded Funds).

                  These are is similar to mutual funds but they are exclusively investments of gold. ETFs are great because they offer more liquidity; the ETF owns the actual physical gold, stores it, and retains the value of the shares. These shares can then be bought and sold in the stock market, and one big benefit is that the transaction costs of gold ETFs are much lower than the that of physical gold.

                  With its consistently-increasing demand, investment in gold can be very wise long-term investment to make.

                  7. Stash Emergency Funds

                  Whether it’s a cash gift or a work bonus, always try to save any extra money that comes your way rather than making unneeded purchases.

                  If you get paid every other week, you’ll get an “extra” paycheck (three rather than the usual two) twice a year. Either save those paychecks towards your emergency funds or utilize the money to pay down other obligations, such as loans, credit cards or other debts.

                  Make it hard to get your cash.

                  Put your savings in an alternate bank, maybe an online bank that forces you to delay for several business days before transferred money hits your regular bank account.

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                  8. Find Fabulous Mentors

                  Find a mentor, such as a friend or family member, who has exceptional control over their finances and pay attention to everything they do.

                  If you do not have any friends or family that are enjoying financial freedom, then find a mentor online! There are numerous blogs and guru websites featuring the advice of many people who have reached financial freedom, and they exist primarily to let you in on how to achieve it for yourself.

                  There are also plentiful forums available that share tips and tricks on how to best achieve financial freedom. Read as much as you can and start changing your habits for the better.

                  9. Be Extra Patient

                  Patience is the key of financial success.

                  Being patient can be quite tough, especially when you’re struggling with your finances, but having faith is worth it. You’ll continuously be on the right track if you are taking the proper steps above.

                  So don’t be discouraged, even if you are only saving a few dollars a month; it all adds up. Within just a few years you’ll look back proudly at your accomplishments and be glad that you had the patience to get there.

                  Financial Freedom for All

                  Anyone can achieve financial freedom, regardless of their financial circumstance.

                  Use the tips provided above to get yourself on the track to financial freedom and toss your monetary concerns out the window. If you wish to achieve a life with financial freedom for yourself and your family then you must adopt a disciplined approach towards your finances.

                  Following the simple secrets above is a great start to making your money work for you, so you can work less and live more!

                  Featured photo credit: rawpixel via unsplash.com

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                  Reference

                  [1] Hartford Gold Group: IRA Retirement Accounts

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